LIBRARY 


University  of  California. 


GIFT  OK 


Class 


V'Mlft' 


^-yP 


cy^ 


Y 


or  THe    ^    \ 


-'""PiMHMiiiPliipi 


^'■■■"lF'W!PP'K!"'.'im  11! "  i  '"J^ffl 


■Spipi 


SEVENTY-FIVE 
YEARS  OF  CORPO- 
RATE  EXISTENCE 

1825— 1900 


A  PAPER  READ  BE- 
FORE THE  BOARD  OF 
DIRECTORS  OF  ^^THE 
PENNSYLVANIA  FIRE 
INSURANCE  COM- 
PANY" OF  PHILA- 
DELPHIA. MARCH 
FIFTH,  igoo 


<  \  B  H  A  K  P- 
OF  THE 

UNIVERSITY 


iPtintctr  itsx  l^ribate  (ff itculation 


r^'^% 

^^^D.^^ 


if  r     cj>' 


.li 


Of  this  Paper  but  one  hundred  copies 
were  privately  printed  and  the  types  dis- 
tributed. Each  copy  is  numbered  and 
signedy  and  this  bookjs 
No. 


120597 


The  First  Advertisement 
of  the  Corporation  as  it 

appeared  in  the  Annual  Advertiser^  as 
printed  in  prefix  to  l^he  Philadelphia  Direc- 
tory and  Strangers^  Guide,  being  the  first 
issue  of  that  publication  in  April,  1825. 
Thomas  Wilson,  Editor.  Printed  for 
Thomas  Wilson  and  Wm.  D.  Vanlaun. 
John  Bioren,  Printer. 


I  I  J.,  jvwmmmmm 


ANNUAL  ADVERTISER. 


3ST^^4Ji^si[©:^  wmmw^mm  m^s  sm; 


THE  PENNSYLVANIA 

FIRE  INSURANCE  COMPANY, 


Cai[^ita\  ^  400, 000, 

CHARTER  PERPETUAL. 


HAVE    OPENED  THEIR  OFFICE  AT 

NO.  134,  WALNUT  ST.    BETWEEN  FIFTH  &  SIXTH  S'^S. 

Where  they  will  make  Insurances  on  the  most  moderate  terms, 
on  Houses,  Manufactories,  or  other  Buildings,  and  on  Goods, 
Wares  and  Merchandise  therein  ;  and  on  Sliips,  or  Vessels  upon  the 
stocks,  building  or  repairing,  or  at  moorings,  or  laying  in  port,  and 
on  Goods,  Wares,  Merchandise,  and  Effects  therein,  and  on  Hay, 
Grain  and  other  Agricultural  Products  in  barns,  stacks  or  otherwise  ; 
and  generally  upon  all  kinds  of  buildings,  and  upon  Goods,  Wares 
and  Merchandise,  on  the  land  or  lying  in  port.  As  the  charter  of 
of  the  Company  is  made  perpetual,  they  will  make  either  i^ermanent 
or  limited  Insurances  on  Houses  or  Barns  and  other  Buildings  of 
brick,  or  stone,  as  may  be  required. 

Orders  for  Insurance  from  any  part  of  the  United  States,  accom- 
panied by  an  accurate  description  of  the  property,  will  be  prompt- 
ly attended  to. 

JONATHAN  SMITH,  Secretary 


% 


officers   of  the   Corporation 

1825 


PRESIDENT 

ROBERT  A.  CALDCLEUGH 


Jonathan  Smith 
R.  A.  Caldcleugh 
William  Boyd 
Thomas  Kittera 


BOARD  OF  DIRECTORS 

Named  in  the  Charter 

Henry  Toland 
David  Correy 
Paul  Beck,  Jr. 
John  H.  Stevenson 
John  R.  Neff 


SECRETARY 
JONATHAN  SMITH 


SURVEYOR 

JOHN  O'NEILL 


officers   of  the   Corporation 
1900 


R.  DALE   BENSON 
President,  1890 

JOHN  L.  THOMSON  W.  GARDNER  CROWELL 

Vice-President,  1890  Secretary,  1890 

CHARLES  W.  MERRILL  WM.  J.  DAWSON 

Assistant  Secretary,  1890  Secretary,  1895 

J  .  Agency  Department 

GEORGE  TUCKER  BISPHAM 
Solicitor,  1889 

BOARD  OF  DIRECTORS 
Edwin  N,  Benson,  1878  Richard  M.  Cadwalader,  1890 

R.  Dale  Benson,  1882  Effingham  B.  Morris,  1890 

J.  Tatnall  Lea,  1888  John  L.  Thomson,  1890 

C.  W.  Weygandt,  1889  Charles  E.  Pugh,  1894 

Harry  F.  West,  1896 


Seventy-Five 
Years  of 
Corporate 
Existence 


Seventy-five  Years  of 
Corporate    Existence 


fire  Xnsurance 
Company 


^i^^HE  Act  of  the  Legislature  of  the  State  of  Pennsyl-  Cbe 
£/  vania  in  General  Assembly  met,  incorporating  The  P^^nsyivama 
^^^  Pennsylvania  Fire  Insurance  Company,  was  signed 
by  Joel  B.  Sutherland,  Speaker  of  the  House  of  Representa- 
tives; William  Marks,  Speaker  of  the  Senate;  and  approved 
by  the  Governor,  J.  Andrew  Shulze,  on  the  26th  day  of  Jan- 
uary, 1825.  Therefore,  in  this  year,  1900,  the  closing  of  the 
nineteenth  century,  the  Corporation  will  round  out  the  seventy- 
fifth  year  of  its  corporate  existence. 

The  Capital  Stock  was  $200,000,  with  the  privilege  of 
increasing  the  same  to  $400,000.  The  Charter  provides  for 
perpetual  succession,  with  the  other  usual  corporate  rights 
and  provisions,  except  in  that  real  estate  was  to  be  owned 
only  to  the  extent  that  may  be  necessary  to  accommodate  its 
business,  or  that  shall  be  taken  and  held  in  security  for  the 
payment  of  debts  due  the  Corporation.  This  is  further  restricted 
in  that  the  clear  yearly  income  of  the  said  real  estate  shall  not 
at  any  time  exceed  the  sum  of  $10,000. 

It  was  provided  that  the  Board  of  Directors  should  consist 
of  nine  members  ;  that  the  first  Directors  shall  be  Jonathan 
Smith,  R.  A.  Caldcleugh,  William  Boyd,  Thomas  Kittera,  Henry 
Toland,  David  Correy,  Paul  Beck,  Jr.,  John  H.  Stevenson,  and 
John  R.  Neff,  who  were  to  hold  office  until  the  first  Monday 
in  September,  1825.  The  President  was  to  be  elected  by  the 
Directors,  and  to  be  one  of  their  number. 

The  number  of  votes  that  a  tabulated  and  specified  number 
of  shares  of  the  Capital  Stock  should  vote  at  an  annual  election 
was  prescribed  by  the  Charter,  and  the  maximum  number  of 
votes  cast  by  any  stockholder  was  limited  to  twenty-five. 


Seventy-five  Years 


Che  While  it  was  provided  that  the  Corporation  may  employ 

pennsylvama    ^nd  improve  the  Capital  Stock,  it  may  not  construe  the  Act  to 

fire  Xtisurancc    ^^^  ^j^^  funds  of  the  Institution  for  banking  purposes.     The 

underwriting  is  restricted  to  loss  or  damage  upon  risks  by  fire 

on  land  or  vessels  lying  in  port. 

It  is  provided  that  the  President  and  Directors  shall  meet 
on  the  first  Monday  of  September  and  March  each  year  to 
declare  and  divide  so  much  of  the  profits  as  to  them  shall 
appear  advisable. 

No  dividends  shall  be  declared  if  an  impairment  of  the 
capital  shall  appear  to  exist,  and  the  President  or  such  of  the 
Directors  in  their  individual  capacity  as  shall  consent  to  a 
declaration  of  dividend  under  such  conditions  shall  be  account- 
able for  and  pay  over  to  the  Corporation  "as  much  money 
"  as  they  may  so  divide  and  pay  more  than  by  this  Act  they 
"  are  authorized  to  do  ;  and  the  President  and  each  Director 
"  of  said  Corporation  in  office  at  the  time  of  making  such 
"  dividend  hereby  prohibited  to  be  made,  shall  be  deemed  as 
"  consenting  to  such  dividend,  unless  he  or  they  shall,  at  the 
"  time  of  making  such  dividend,  be  absent  from  the  Board 
"  of  Directors,  or,  if  present,  shall  immediately  enter  his  pro- 
"  test  on  the  minutes  of  the  Board  of  Directors,  and  also 
"  give  notice  thereof  in  two  or  more  newspapers  published 
"in  Philadelphia." 

A  provision  of  the  original  Charter  enacted  that  "no 
person,  directly  or  indirectly,  shall  be  holder  of  or  owner  of 
more  than  one  hundred  shares  of  the  Capital  Stock  of  the 
Corporation,  and  further  that  holders  of  or  owners  thereof 
must  be  citizens  of  or  residents  in  the  United  States,  and 
any  transfer  made  to  other  than  citizens  of  the  United  States, 
such  transfer  shall  be  to  all  intents  and  purposes  null  and 
void." 


10 


The  Pennsylvania  Fire 

Insurance  Company 

Fac- Simile   of  the 

Corporate  Seal 

as  adopted  by  the   Board  of  Directors 


February  Fourth 

1825 


of  Corporate   Existence 


A  Supplement  to  the  Charter,  approved  the  14th  day  of  ^^ 

April,   1859,  repealed  so  much  of  the  Charter  restricting  the  P*""*^^^"^ 

holding:  of  the  individual  owner  to  one  hundred  shares  of  the  J^    "»ut^n«< 

^  Company 

Capital  Stock. 

The  original  capital  was  subscribed  by  one  hundred  sub- 
scribers taking  twenty  shares  each,  and  the  payment  was  made 
by  installments.     A  list  of  the  said  subscribers  is  appended. 

The  office  of  the  Corporation  was  located  at  its  present 
site,  known  then  as  No.  1 34  Walnut  Street,  being  the  dwelling 
house  of  Jonathan  Smith,  one  of  the  incorporators.  At  the  first 
meeting  of  the  Board  of  Directors,  held  February  4,  1825,  an 
annual  rent  of  $500  per  annum  was  authorized  to  be  paid  for 
such  part  thereof  as  may  be  required  for  office  purposes.  A 
Committee  was  appointed  to  make  such  alterations  as  may 
be  necessary,  and  to  prepare  and  provide  such  books  and 
stationery  and  furniture  as  may  be  deemed  requisite.  The 
President  and  Secretary  were  authorized  to  procure  a  Seal 
for  the  Corporation,  with  a  suitable  device. 

At  this  meeting,  the  first  President,  R.  A.  Caldcleugh,  was 
elected ;  and  Jonathan  Smith  resigned  as  Director  and  was 
appointed  the  first  Secretary  of  the  Corporation. 

The  records  exhibit  that  while  a  limited  number  of  policies, 
under  the  form  of  perpetual  insurance,  were  bound  or  recorded, 
and  a  number  of  engagements  for  temporary  insurance  were 
bound  by  the  records  of  the  Application  Book,  in  each  case 
signed  by  the  insured,  the  books  of  record  of  the  Corporation 
do  not  seem  to  have  been  formally  opened  until  the  first  day 
of  April,  1825. 

Perpetual  policy  No.  i  was  dated  March  7,  1825,  issued 
to  James  Y.  Humphreys,  and  covered  on  a  brick  house  and 

II 


Seventy-five  Years 


Che    card  manufactory  situated  at  86  South  Front  Street,  Philadel- 
penmylvania    phia,  for  $2,ooo,  at  2^  per  cent.,  deposit  ^50.      This  policy- 
was  cancelled  April  2,  1846,  and  is  framed  and  hangs  upon  the 


fxrt  Xnsurance 
Company 


walls  of  the  present  office  building. 

Temporary  policy  No.  i  was  dated  February  18,  1825, 
issued  to  James  Wood,  and  covered  "goods  usually  kept  in 
"  Dry  Goods  Stores,  including  Household  Furniture  and  Linen, 
"  Cotton  in  Bales,  Coffee,  Flour,  Indigo,  Pot  Ash,  Raw  Sugar, 
"Teas,  Spices,  Paints  ground  in  oil,  Threshed  Grain,  Book- 
"  sellers  stock,  China,  Glass  and  Earthenware,  in  packages  and 
"  unpacked,  Spirituous  liquors,  Jewelry,  Watches,  Pictures  and 
"Prints,  and  Salt  Petre,"  contained  in  a  Brick  Store  "No.  32 
"  South  Front  Street,  occupied  as  an  Auction  Store,  the  goods 
"  the  property  of  James  Wood,  on  his  own  account,  as  well  as 
"  on  consignment  or  storage." 

Amount  of  policy  ^10,000,  premium  40  cents  per  ^100  or 
$40,  charge  for  policy  ^i,  making  ^41  for  the  term  of  one  year. 

The  following  incidents  in  the  history  of  the  Corporation, 
are  abstracted  from  the  minutes  of  the  Board  of  Directors,  and 
are  noted  as  matters  of  interest.     The  dates  given  are  those 
upon  which  the  meetings  of  the  Board  of  Directors  were  held  : 

February  12,  1825. — John  O'Neill  was  elected  the  First 
Surveyor  of  the  Corporation.  Secretary  presented  form  of 
advertisement  informing  the  public  the  Corporation  was  ready 
to  make  insurance.  Account  was  opened  with  the  Farmers* 
&  Mechanics'  Bank. 

February  17,  1825. — Consideration  given  to  the  propriety 
of  fixing  the  amount  of  individual  expenses  to  be  charged  in 
cases  of  permanent  insurance.  Resolution  adopted  "That  the 
lowest  charge  in    any   case    shall    be  three   dollars,    and    the 

12 


of  Corporate   Existence 


highest   not   more   than  fifteen  dollars,  and  that  the  charges   Chc 

between  these  sums  shall  be  made  at   the  discretion  of  the    Pcntisylvanu 

President  and  Secretary."     Surveyors  to  charge  $2  for  each   ^^^  Imurance 

Company 
survey. 

Meetings  to  be  on  Thursday  each  week  at  4.00  p.m. 

March  31,  1825. — Jonathan  Smith,  as  Agent  for  the 
Stockholders,  allowed  ^750  for  compensation  and  expenses  in 
obtaining  the  charter  of  incorporation. 

June  30,  1825. — Secretary  reported  a  demand  filed  by 
John  Struthers  for  loss  by  fire  under  his  policy  No.  22,  for 
^2,000,  covering  stock  of  marble,  and  frame  building,  on  south 
side  of  Market,  between  Tenth  and  Eleventh  Streets.  Claim 
settled  for  ;5^  1,000  on  marble  and  $350  on  frame  shed. 

March  6,  1826. — Day  and  hour  of  meeting  changed  to  the 
first  Monday  in  each  month  at  3  p.m. 

April  3,  1826. — Second  installment  on  capital  stock  of 
$20  called,  payable  May  loth. 

September  i,  1826. — Loss  reported  from  Petersburg,  Va. 

September 'i^,  1827. — Finance  Committee  report  Profit  and 
Loss  Account,  ^6,002.71. 

March  3,  1828. — First  Dividend  declared  of  5  percent., 
payable  on  demand,  and  installment  of  ^20  per  share  called. 

September  7,  1829. — Hours  of  meeting  changed  to  7.00  p.m. 

February  i,  1830. — Total  loss  of  jj^  10,000  reported  on  Oil 
Mill  and  contents,  Greenwich,  N.  J. 

13 


Seventy-five  Years 


^^  May  8,  1834. — Authorized   loan  of  ^20,000,  to  City  and 

pdimylvania    q^^^^    ^f  Philadelphia,  to  build  a  prison. 
fxrt  Xnsurance 


Company 


September  8,  1835. — Jonathan  Smith  elected  President,  in 
place  of  R.  A.  Caldcleugh,  who  declined  re-election.  Beaton 
Smith  appointed  Secretary. 

February  6,  1837. — Balance  of  capital,  ^50  per  share,  called 
to  be  paid  March  i,  1837. 

January  11,  1838. — Property  No.  134  Walnut  Street,  pur- 
chased at  ^22,500.  Committee  appointed  to  alter  and  repair 
building.  At  this  time  the  present  front  of  the  building  was 
erected,  in  white  marble,  of  the  Egyptian  style  of  architec- 
ture, probably  the  only  example  now  existing  in  the  City  of 
Philadelphia.  The  Committee  in  charge  of  the  alterations  was 
composed  of  the  following  gentlemen  :  Thomas  Kittera,  R.  A. 
Caldcleugh,  Quintin  Campbell,  Alexander  Benson,  and  William 
Montelius. 

October  21,  1839. — ^Special  Meeting  called  to  devise  means 
to  raise  funds  to  meet  the  demands  made  on  the  Corporation 
in  consequence  of  the  fires  of  the  4th  and  5th  inst.  on  the  wharf. 

December  10,  1839. — Resolutions  adopted  on  the  death  of 
Jonathan  Smith,  President.   Quintin  Campbell  elected  President. 

April  9,  1842. — Special  Meeting  convened  to  consider  the 
subject  of  an  increase  in  the  rates  of  insurance.  "  Resolved 
that  30  cents  be  hereafter  the  minimum  premium  on  mer- 
chandise in  Philadelphia." 

May  2,  1842. — A  Committee,  consisting  of  the  President 
and  Solicitor,  was  appointed  to  confer  with  other  offices  on  the 
subject  of  uniform  policies. 

14 


of  Corporate   Existence 


February  2,  1846. — Tariff  rates  were  adopted.     A  revised    Che 
tariff  of  minimum  rates  on  merchandise  in  the  City  of  Phila-    P^^^sy^^ni* 
delphia  and  adjoining  districts,  was  adopted.  "^^'"^  Insurance 


Company 


September  7,  1847. — The  office  hours  of  the  Corporation 
were  fixed  at  9  a.m.  to  3  p.m. 

March  6,  1848. — A  gratuity  of  $500  each  was  directed 
paid  to  the  President  and  Secretary  as  a  compliment  for  their 
attention  to  the  business  of  the  office. 

March  5,  1849. — ^  gratuity  of  $500  each  to  the  President 
and  Secretary,  and  $250  to  the  Surveyor. 

March  7,  1849. — The  consideration  of  the  application  of 
the  Pennsylvania  Railroad  Company  for  a  subscription  to  their 
stock  was  postponed  until  the  next  meeting. 

yune  4,  1849. — The  President  authorized  to  subscribe  for 
100  shares  Pennsylvania  Railroad  Company  on  behalf  of  this 
Corporation.  President  authorized  to  sell  ^11,000  United 
States  loan  and  to  reinvest  proceeds  in  the  Western  Bank 
Stock. 

December  4,  1 850. — An  application  from  the  Pennsylvania 
Railroad  for  additional  subscription  was  submitted,  and  on 
motion  it  was  agreed  to  subscribe  to  thirty  additional  shares. 

March  Of,  1850. — Gratuity  awarded  to  the  President  and 
Secretary  of  $500  each,  and  $250  to  the  Surveyor. 

June  3,  1850. — Application  from  the  Pennsylvania  Rail- 
road for  a  further  subscription  was  laid  on  the  table. 

August  5,  1850. — President  authorized  to  confer  with  the 

15 


Seventy-five  Years 


Che  officers  of  other  Fire  Insurance  corporations  on  the  subject  of 

pcimsylrania   excepting  saltpetre  in  policies  of  insurance, 
^irc  Xnsurancc 

ompany  September  3,   1852. — On  motion,  "Resolved,  That  a  roof 

of  tin  be  placed  on  the  building  occupied  by  the  Corporation." 

December  6,  1852. — A  circular  from  a  Committee  of  New 
York  underwriters  on  the  subject  of  a  change  in  the  price  of 
fire  insurance,  was  read  and  laid  on  the  table. 

June  6,  1853. — Quintin  Campbell,  President,  resigned  and 
Jonathan  Smith  elected  to  succeed  him. 

September  3,  1853. — On  motion,  "Resolved,  That  the  front 
of  the  house  occupied  by  this  Company  be  cleaned." 

June  2,  1854. — "  Resolved,  That  a  Finance  Committee  be 
appointed ;  whereupon  Messrs.  Benson  and  Robins,  in  connec- 
tion with  the  President,  were  appointed  upon  said  Committee." 

October  2,  1854.— William  G.  Crowell  employed  as  Clerk 
at  a  salary  of  $800  per  annum. 

December  4,  1854. — A  very  satisfactory  trial  of  Mr. 
Crowell's  suitableness  having  been  made,  his  salary  was  raised 
to  $1,000  per  annum  from  the  commencement  of  his  engage- 
ment. 

April"],  1856. — "Resolved,  That  the  officers  be  directed 
to  limit  the  amount  of  risks  on  Cotton  and  Woolen  Factories 
and  Printeries  to  $5,000." 

May  5,  1856. — ^The  President  having  stated  that  by  a  fire 
which  had  occurred  on  the  ist  instant  the  Company  had  sus- 
tained considerable  loss,  the  Finance  Committee  was  directed 

16 


of  Corporate   Existence 


to  provide    the    funds    necessary   for   their  liquidation   when    Zht 
adjusted.  Pennsylvania 

•fire  Xnsurance 

Marck  I,  1858.— Applications  read  from  the  Philadelphia   ^^"'P*">' 
Hose  Company  and   Hope   Hose  Company,   for  aid   in   pro- 
curing  steam  fire  apparatus,   was   read  and   referred   to  the 
Officers  with  power  to  act ;  subscriptions  to  such  not  to  exceed 

$250. 

September  2,  1859. — The  President  was  authorized  to  cause 
certain  alterations  to  be  made  to  the  office,  according  to  plans 
submitted  to  the  Board. 

May  6,  1861. — Real  Estate  owned  and  occupied  by  the 
Company  reduced  to  $30,000,  and  balance,  $11,150.96  carried 
to  Profit  and  Loss  Account. 

November  4,  1861. — Five  hundred  dollars  subscribed  May 
24,  1 86 1,  to  the  Committee  on  Public  Safety,  to  be  charged  to 
Profit  and  Loss  Account. 

February  3,  1862. — One  hundred  dollars  appropriated  to 
"Gray  Reserves." 

November  3,  1862. — Two  hundred  dollars  donated  to  the 
Cooper  Shop  Refreshment  Saloon. 

December  i,  1862. — United  States  stamps  to  be  placed  on 
policies  without  charge  to  the  assured. 

March  2,  1863. — Committee  appointed  to  take  into  con- 
sideration the  propriety  of  increasing  the  Capital  Stock  of  the 
Corporation. 

March  11,  1863. — Capital  Stock  increased   to    $400,000; 

17 


Seventy-five  Years 


Che     ^200,000   dividend    declared,    and    the   same   applied   to   the 
pcntisylwma     payment  of  subscriptions. 
^irc  Itisuratiec 

ompany  July   6,    1 863. — President   directed   to   subscribe   to   the 

amount  of  ^1,000  to  different  organizations  for  military  purposes. 

September  /^,  1863. — President  reported  he  had  donated  to 
Merchants'  Regiment  ^250,  League  Regiment  $350,  Coal  Regi- 
ment 5^200,  Commercial  Exchange  Regiment  $200. 

April,  1864. — John  L.  Thomson  entered  the  service  of  the 
Corporation  as  clerk. 

June  ^,  1865. — One  hundred  dollars  appropriated  to  insure 
$5,000  on  Gen.  U.  S.  Grant's  house,  No.  2009  Chestnut  Street. 

July  16,  1865. — Announcement  of  the  death  of  President 
Jonathan  Patterson.     Daniel  Smith,  Jr.,  elected  to  succeed  him. 

February  i,  1867. — Account  of  Corporation  was  opened 
with  the  Philadelphia  'National  Bank,  and  closed  with  the 
Farmers'  &  Mechanics'  National  Bank.  This  account  is  still  in 
the  former  bank  at  this  time. 

August  2,0,  1867. — Officers  directed  to  appoint  an  Agent 
in  the  city  of  New  York  for  the  purpose  of  effecting  insurance 
in  the  cities  of  New  York  and  Brooklyn. 

September  4,  1867. — J.  Montgomery  Hare  appointed  law- 
ful attorney  for  service  of  process  in  the  State  of  New  York. 

May  I,  1 87 1. — One  hundred  and  fifty  dollars  donated  to 
the  Fire  Patrol  to  procure  gum  coats  for  the  men. 

October  2,  1871. — It  was  "Resolved,  That  the  Officers  of 
18 


of  Corporate   Existence 


this  Company  be  hereby  authorized  to  form  agencies  wherever 
they  may,  in  their  judgment,  approve." 

(The  Chicago  fire  occurred  on  October  7,  1871.  The 
number  of  buildings  estimated  as  destroyed  was  18,000.  The 
number  of  people  rendered  homeless  100,000,  little  less  than 
one-third  the  population  of  the  city.  Value  of  property  de- 
stroyed estimated  at  $150,000,000,  being  over  half  the  assessed 
value,  and  three-fourths  the  actual  value  of  all  the  property, 
real  and  personal,  in  the  city  at  that  time.  The  loss  of  life  is 
estimated  at  several  hundred.) 

November  6,  1871. — Secretary  reported  to  have  visited 
and  placed  a  large  number  of  agencies. 


pcntisylvama 
fxrt  Xnsurance 
Company 


December  4,  1871. — Similar  report. 


January  3,  1872. — Similar  report. 

February  5,  1872. — Authority  given  by  the  Board  to  write 
on  Coal  Breakers  at  3^  per  cent,  per  annum,  and  not  to  exceed 
$2,500.  At  the  same  meeting  Foster  and  Cole  were  appointed 
Agents  for  New  England. 

April  I,  1872. — J.  F.  Downing  takes  charge  for  this  Com- 
pany in  Ohio,  Michigan,  Missouri,  Kentucky,  and  Indiana. 

September  21,  1872. — Agency  established  in  Chicago,  111., 
and  William  H.  Cunningham  appointed  Agent. 

January  15,  1873. — At  a  special  meeting  of  this  Company 
the  President  reported  an  impairment  of  the  Capital  Stock  by 
the  Boston  fire,  which  proved  to  be  of  about  50  per  cent.  On 
motion  of  Mr.  J.  G.  Fell  it  was  "  Resolved,  That  it  is  expedient 
that  the  Capital  Stock  of  this  Company  shall  be  made  whole." 
On  motion,  it  was  "  Resolved,  That  the  Officers  of  the  Com- 

19 


Zhc 

Pcnnsytvama 

^rc  Insurance 

Company 


Seventy-five  Years 

pany  be  authorized  and  instructed  to  solicit  from  the  Stock- 
holders a  pro-rata  assessment  sufficient  to  make  the  capital  up 
to  the  full  amount  of  $400,000."  On  motion,  it  was  "Resolved, 
That,  in  pursuance  of  the  foregoing  resolution,  an  assessment 
of  $50  per  share  be  made  on  the  Capital  Stock,  payable  in 
notes  on  demand,  with  satisfactory  security." 

February  3,  1873. — President  Daniel  Smith,  Jr.,  resigned. 

February  10,  1873. — John  Devereux  elected  President. 

March  3,  1873. — Directors  recommend  reduction  in  salary 
of  the  Officers  and  Employes  of  the  Corporation  until  such 
time  as  the  Capital  is  fully  reinstated,  the  obligations  of  the 
Stockholders  returned,  and  the  resumption  of  regular  dividends 
by  the  Corporation. 

February  8,  1875. — The  following  preamble  and  resolu- 
tion was  offered  :  "  Whereas,  a  Special  Meeting  of  the  Direct- 
ors of  this  Company  was  held  on  the  15th  day  of  January, 
1873,  and  it  was  resolved  tbat  an  assessment  of  $50  per  share 
be  made  on  the  Capital  Stock,  payable  in  the  notes  of  the 
several  Stockholders,  on  demand,  with  satisfactory  security. 
Resolved,  That  the  President  of  this  Company  be  authorized  to 
return  to  the  said  Stockholders  the  notes  and  securities  above 
received." 


June  14,  1875. — Two  rooms  in  building  No.  508  Walnut 
Street  rented  for  office  purposes. 

March  8,  1875. — Dividend  of  5  per  cent,  declared,  thereby 
resuming  the  payment  of  dividends  that  were  suspended  after 
the  great  fire  in  Boston  in  November,  1872. 

September  6,  1875. — '^^^  fiscal  year  of  the  Corporation  had 
20 


of  Corporate   Existence 


CompAiiy 


always  terminated  heretofore  in  the  accounting  on  the  31st  of  Cbc 
August,  the  Annual  Meeting  of  the  Corporation  being  held  on  Pen^syi^nia 
the  first  Monday  in  September  each  year.  On  this  date  the  t^^  Ins"*^"** 
year  was  made  to  terminate,  so  far  as  the  accounting  was  con- 
cerned, on  the  31st  of  July,  owing  to  the  difficulty  in  securing 
the  accountings  from  the  Agency  Department  in  time  for  the 
Annual  Statement  to  the  Stockholders,  and  that  custom  is  still 
being  followed  out.  The  Annual  Report  made  to  the  Stock- 
holders on  this  date  calls  attention  to  the  Fiftieth  Anniversary 
of  the  Corporation,  and  in  this  Report  it  is  stated :  In  Insur- 
ance circles  the  losses  by  fire  during  the  first  six  months  of  1875 
are  estimated  as  having  been  fully  as  great  as  the  losses  of  the 
whole  of  the  previous  year  (1874).  Notwithstanding  the  con- 
tinued stagnant  condition  of  all  branches  of  trade  throughout 
the  country,  and  the  numerous  and  disastrous  fires,  the  Board 
have  reason  to  congratulate  the  Stockholders  on  the  result  of 
the  eleven  months'  business.  This  favorable  result  induced  the 
Board  of  Directors  to  order  a  return  to  the  Stockholders  of 
the  assessment  notes  given  the  Company,  and  also  to  warrant 
the  payment  of  a  moderate  dividend.  The  condition  of  the 
Corporation  at  that  time  showed  its  assets  to  be,  according 
to  the  Book  Accounts $1,320,069  07 

The  Assets  show  a  decrease  of      .     .  991  05 

as  compared  with  1874. 

The  Profit  and  Loss  Account,  which 

was  a  Dr.  account,  showed  a  gain  of  1 1,244  78 

The  profit  for  the  year  on  the  Agency 

business  was 

and  on  the  Home  Office  business  .     . 

Showing  a  profit  of 

Deduct  dividend 

Showed  a  profit  for  eleven  months  of 


ii3>285 
89,300 

24 
62 

202,585  56 
19,045  00 

183,540 

86 
21 

Seventy-five  Years 

^^^  December   13,  1875. — Committee   appointed  to  procure  a 

pcnnsylvama   suitable  china  dinner  set  for  the  use  of  the  Corporation, 
^irc  Xtisurancc 

Company 

May    10,    1880. —  Thomas    Robins    appointed    President 

pro  tem.  during  the  temporary  indisposition  of  John  Devereux, 
President. 

yanuary  5,  1881. — William  G.  Crowell,  Secretary,  died. 

yanuary  9,  1882. — "Resolved,  That  alterations  be  made 
to  office  building  at  a  cost  not  to  exceed  ^10,000,  and  a  Com- 
mittee appointed,  with  power  to  act." 

April  10,  1882. — The  Committee  on  Improvements  to  the 
Building  submitted  plans  and  specifications,  and  were  authorized 
to  contract  for  said  alterations  at  a  cost  not  to  exceed  <^i 8,000, 
and  they  are  instructed  to  commence  same  as  soon  as  possible. 

October  g,  1882. — Committee  on  Improvements  to  Company 
building  reported  that  alterations  had  been  completed  at  a  cost 
of  about  «^ 1 5,000. 

March  15,  1884. — Second  Account  of  the  Corporation  was 
opened  with  the  Commercial  National  Bank. 

March  7,  1887. — Authority  given  to  provide  dinner  for  the 
Officers  and  Clerks  in  the  Company  building. 

November  14,  1888. —  Property  No.  508  Walnut  Street 
purchased. 

January  14,  1889. — The  Office  of  General  Agent  (virtually 
Assistant  to  the  President)  was  created,  and  John  H.  Davis 
appointed  to  the  same.  George  Tucker  Bispham  was  appointed 
Solicitor  of  the  Corporation. 

22 


of  Corporate   Existence 


April  I,  1890. — Account  with  the   Commercial   National  Che 
Bank  closed  and  opened  with  the  Western  National  Bank.  pctinsyivanu 

fire  Xnsurancc 

July  20,  1890. — President  John  Devereux  died.  ompany 

August  19,  1890. — R.  Dale  Benson  elected  President. 

January  i,  1895. — The  new  Western  Department  opened 
at  Chicago,  under  the  management  of  Charles  H.  Barry  and 
John  H.  Davis.  Upon  the  same  date,  the  title  of  office  of  Gen- 
eral Agent  was  changed  to  that  of  Secretary  of  the  Agency 
Department,  and  William  J.  Dawson  was  appointed. 

In  reviewing  the  records  of  the  Corporation  in  regard  to 
the  Agency  business,  outside  of  the  direct  business  of  the  Home 
Office,  it  is  difficult  to  determine  exactly  what  tourse  was 
pursued.  We  find  that  at  the  meeting  on  February  12,  1825, 
the  Secretary  was  directed  to  write  to  Joseph  Ogilby,  of  Lan- 
caster, Alexander  Johnson,  Jr.,  of  Pittsburg,  John  McKnight, 
of  Reading,  and  Thomas  McKeen,  of  Easton,  requesting  them 
to  inform  him  if  they  were  willing  to  become  Agents  for  the 
Company  at  those  places,  respectively.  The  records  do  not 
show  what  reply  these  gentlemen  made,  nor  whether  Agents 
were  appointed  at  this  place  or  others,  and  we  are  led  to  sup- 
pose that  the  business  was  confined  to  applications  for  insurance 
at  the  Home  Office.  When  the  great  conflagration  at  Chicago 
occurred,  October  7,  1871,  the  Board  of  Directors  seemed  to 
have  been  agitating  the  question  in  regard  to  the  extension  of 
the  business  by  the  appointment  of  Agents  in  different  sections 
of  the  country,  and  we  find  by  the  minutes  that,  at  the  Stated 
Meeting,  held  October  2,  1871,  on  motion  of  Mr.  Thomas  Smith, 
seconded  by  Mr.  Thomas  Robins,  it  was  "  Resolved,  That  the 
Officers  of  this  Company  be  hereby  authorized  to  appoint  agents 
wherever,  in  their  judgment,  they  may  approve." 


23 


Seventy-five  Years 


Che 

pctinsylrania 

^irz  Xnsurancc 

Company 


The  first  regularly  established  agency  of  the  Corporation 
seems  to  have  been  that  of  Messrs.  Frame  &  Hare,  in  New 
York  City,  by  their  appointment  as  representatives  of  the  Cor- 
poration on  September  2,  1867.  It  may  be  noted  here  that 
Mr.  Frame  has  retained  his  connection  with  the  Corporation  as 
a  representative  from  that  time  until  March  i,  1900,  when  he 
resigned  his  commission  as  Manager  for  the  Department  known 
as  Northern  New  Jersey  (which  included  portions  of  the  States 
of  New  York  and  New  Jersey),  for  the  reason  that  he  was 
about  to  retire  from  active  business. 


The  Corporation  was  not  represented  in  Chicago  at  the 
time  of  the  great  fire,  and  therefore  escaped  experience  in  that 
conflagration,  though  at  that  time  it  was  understood  that  the 
Secretary,  Mr.  William  G.  Crowell,  was  travelling  through  the 
country,  looking  over  the  field  with  the  view  of  establishing 
agencies.  At  the  meeting  of  the  Board  of  Directors  on 
November  6,  1871,  the  Secretary  reports  that  he  had  appointed 
Agents  at  the  following  places:  Hartford,  Conn.;  Springfield, 
Worcester  and  Boston,  Mass.;  Albany,  Utica,  Rochester  and 
Buffalo,  in  the  State  of  New  York  ;  Cleveland  and  Cincinnati, 
in  the  State  of  Ohio  ;  Detroit,  Michigan  ;  Pittsburg  and  Harris- 
burg,  Pennsylvania.  At  a  meeting  on  December  4,  1871,  he 
reported  agencies  as  established  in  the  following  places :  Louis- 
ville, Kentucky  ;  Indianapolis,  Indiana  ;  Toledo,  Ohio  ;  Balti- 
more, Maryland ;  Providence,  Rhode  Island,  and  Portland, 
Maine.  At  a  meeting  on  January  3,  1872,  the  Secretary 
reported  the  following  Agencies  established  :  Evansville,  In- 
diana ;  Milwaukee,  Wisconsin  ;  Newburyport  and  Fitchburg, 
Massachusetts. 


It  would  seem,  therefore,  that  this  period  marks  the 
entrance  of  the  Corporation  into  the  General  Agency  business 
in  an  organized  way,  although  we  find  some  record  where 
representation  had  apparently  been  effected,  for  in  January, 


24 


of  Corporate   Existence 


1840,  Owen  Rice  seems  to  have  been  recognized  as  an  Agent 
at  Bethlehem,  Pa.,  for  the  balance  of  his  account  was  authorized 
by  the  Board  to  be  charged  to  Profit  and  Loss,  showing  he  was 
delinquent.  However,  there  appears  to  be  no  complete  or 
distinct  record  of  Local  Agents,  and  the  supposition  is  it  was 
experimented  upon  and  discontinued,  until  the  appointment 
referred  to,  of  Messrs.  Frame  81  Hare,  as  regularly  constituted 
Agents  for  the  cities  of  New  York  and  Brooklyn. 


Che 

Pennsylvania 
fire  Insurance 
Company 


The  advance  in  rates  after  the  great  Chicago  fire  seemed 
to  have  prompted  the  Board  of  Directors  to  extensively  branch 
out  into  the  general  agency  business ;  and  while  that  would 
seem,  in  every  way,  to  have  been  warranted,  the  establishment 
of  general  and  local  agents  was  just  in  time  to  enable  the  Cor- 
poration to  participate  in  the  great  fire  in  Boston  in  1872,  which 
marks  the  most  serious  and  probably  the  only  critical  period  in 
the  history  of  the  Corporation.  The  fire  occurred  on  Novem- 
ber 9th  and  loth  of  that  year.  The  loss  was  estimated  at 
^75,000,000,  and  the  insurance  $56,000,000.  The  amount  paid 
was  estimated  at  $37,000,000.  This  Corporation  had  yy  losses, 
and  a  liability  in  the  fire  district  of  $550,880.  The  premium 
received  on  this  liability  was  $3,600,  and  the  amount  paid  for 
losses  was  $480,783.  This  impaired  the  capital  of  the  Corpo- 
ration about  $133,000.  The  liability  was  promptly  met  and 
largely  paid  by  the  succeeding  February,  with  the  promptness 
that  has  characterized  this  Corporation  during  all  the  period  of 
its  existence.  The  manner  in  which  this  liability  was  met  has 
been  given  in  the  abstract  from  the  minutes,  and  it  shows  where 
the  stockholders  were  assessed  $50  per  share,  which  was  paid 
by  the  individual  note  of  the  stockholder,  and  this  deposited 
in  the  Philadelphia  National  Bank  as  collateral,  the  bank  ad- 
vancing the  money  necessary,  which  was  finally  liquidated,  as 
previously  set  forth.  The  Corporation  rapidly  recuperated  its 
losses  from  the  advance  in  rates,  and  at  the  end  of  a  year  from 
that  date  actually  exhibited  a  surplus  on  the  basis  of  the  market 


25 


Seventy-five  Years 


Che   value  of  securities  and  reinsurance  reserve  for  liability,  based 

pennsylvama    on  the  schedule  required  by  law  at  that  time. 
f^ire  Xnsurance 

The  succeeding  year,  1873,  another  conflagration  visited 
Boston,  in  which  the  Corporation  suffered  a  loss  of  $30,897. 

There  has  been  paid  to  the  stockholders  in  dividends  in 
the  last  three-quarters  of  a  century  $3, 1 29,000  ;  and  during  that 
period  the  sum  paid  for  fire  losses  amounts  to  ^20,131,901.00. 
The  growth  of  the  Corporation  in  assets  and  surplus  is  exhibited 
in  the  following  condensed  statement,  taken,  for  the  purpose  of 
brevity,  on  each  decade  of  its  life  : 


1835 
1845 
1855 
1865 

1875 
1885 

1895 
1900 


Assets. 


^405,457  98 

548,705  72 

702,918  90 

928,729  47 

1,579,114  03 

2,371,476  23 

4,098,774  19 

5,171,306  21 


Surplus. 


$  52,872  50 
169,785  76 
224,530  28 
205,385  92 

339,451  28 

894,329  86 

1,489,252  31 

2,181,845  26 


During  these  years  the  Corporation  has  had  seven  Presi- 
dents. Their  names,  date  of  election  and  date  of  retirement  is 
shown  upon  the  list  appended  to  this  paper. 

The  office  of  Vice-President  was  not  created  until  1881 
and  there  have  been  but  two  incumbents,  as  per  list  appended. 

There  have  been  but  five  Secretaries  of  the  Corporation 
during  this  period,  as  per  list  appended. 


26 


of  Corporate   Existence 


The  office  of  Assistant  Secretary  was  inaugurated  in  1877,    Chc  -^ 

and  there  have  been  but  three  incumbents.  pctmsyivanU 

fire  Xirauranee 

The  Corporation  has  enjoyed  the  services  of  but  two  So-  ^*'"^P*"^ 
licitors — Isaac  Hazlehurst  and  George  Tucker  Bispham. 

The  office  of  Surveyor,  created  in  1825,  was  continued 
until  September  i,  1890,  when  the  duties  of  the  office  were 
consoHdated  with  that  of  Assistant  Secretary,  on  which  date 
Charles  W.  Merrill,  Surveyor,  was  appointed  Assistant  Secre- 
tary, and  has  performed  the  duties  of  that  position  until  the 
present  time.  There  were  four  incumbents  in  this  office,  as 
per  list  appended. 

The  Corporation  has  enjoyed  the  service  and  counsel  of 
forty-three  Directors  during  these  seventy-five  years,  as  per 
list  appended,  and  from  their  names  we  question  whether  any 
Corporation  has  had  the  benefit  of  a  more  prominent  or  abler 
body  of  men. 

This  paper  has  been  prepared  hastily,  not  as  a  history  of 
the  Corporation,  but  to  present  to  the  present  Board  of  Direct- 
ors some  of  the  most  marked  and  conspicuous  episodes  and 
incidents  in  that  history.  It  will  be  conceded  that  these  concise 
statements  and  figures  set  forth  the  honorable  record  of  the 
Corporation,  having  withstood  the  disastrous  periods  of  fire 
underwriting  in  this  country,  and  that  the  growth  and  stability  as 
exhibited  are  indicative  of  the  conservatism  that  seems  ever  to 
have  prevailed  in  its  management.  A  critical  analysis  of  the 
figures  will  demonstrate  that  this  growth  has  been  accompanied 
at  all  times  by  an  adequate  increase  in  its  surplus,  keeping  the 
Corporation  in  the  front  rank  among  the  leading  Fire  Insur- 
ance corporations  of  the  United  States,  at  all  times  retaining 
its  indemnifying  ability  to  the  policy  holders,  and  at  the  same 
time  protecting  its  stockholders,   standing  as  it  does   to-day 

27 


Seventy-five  Years 


^•^    fifth  in  the  list  of  American  institutions  of  its  class  as  to  the 

pcnmy  vama    j^^^j^  value  of  its  shares  of  stock.    The  only  American  corpora- 
fire  Insurance       .  ......  ,       .  , ,       . 

Company    ^lo^^s  exceedmg  it  m  this  respect  are  the  following : 

Glens   Falls,  of  New  York  State,  est'd  book  value,  $1177  57 

Buffalo  German,  of  New  York  State 833  11 

Milwaukee  Mechanics,  Wisconsin 785  43 

German,  of  Freeport,  111 744  44 

Pennsylvania  Fire 645  05 

The  capital  invested  in  the  fire  insurance  business  in  this 
country  has  in  latter  years  proven  inadequate  to  meet  the  de- 
mands, owing  to  the  phenomenal  growth  of  the  commercial 
interests  of  this  country ;  therefore  the  field,  as  well  as  the 
demand,  has  invited  a  representation  of  foreign  capital  of  many 
of  the  strongest  institutions  of  the  class  throughout  the  world. 
This  has  engendered  sharp  and  severe  competition,  and  the 
growth  of  the  Corporation  in  latter  years  has  been  made  under 
this  competition  and  the  severe  increase  in  the  fire  loss  ratio, 
that  seems  to  be  unusual  as  it  applies  to  the  United  States. 


While  this  statement  is  compiled  when  the  situation  in  fire 
underwriting  exhibits  little  indication  of  a  profitable  resultant, 
and  the  outcome  of  your  business  for  the  last  current  year  was 
not  profitable,  yet  it  is  a  satisfaction  to  state,  in  concluding  this 
paper,  during  the  month  of  February  the  market  value  of  your 
stock  at  auction  reached  the  highest  point  in  the  history  of  the 
Corporation,  a  single  share  selling  for  $532.00,  and  the  Stock- 
holders are  enjoying  a  dividend  of  25  per  cent,  per  annum  on 
the  par  value  of  their  investment ;  so  it  is  not  straining  a  point 
when  the  Management  extends  its  congratulations  to  the  Board 
of  Directors  on  this  seventy-fifth  anniversary  of  the  Corpora- 
tion's existence. 

Respectfully  yours, 

R.  Dale  Benson, 

Philadelphia,  March  5,  1900.  President. 

28 


of  Corporate   Existence 


PRESIDENTS. 


NAME. 

ELECTED. 

SERVED  TO. 

Caldcleugh,  Rob't.  A. .   . 

February      4, 

1825 

September    7,  1835 

R. 

Smith,  Jonathan  .... 

September    8, 

1835 

December  10,  1839 

D. 

Campbell,  Quintin   .   .   . 

December  10, 

1839 

June             6,  1853 

R. 

Patterson,  Jonathan    .   . 

June              6, 

1853 

July             16,  1865 

D. 

Smith,  Jr.,  Daniel    .    .    . 

July             16, 

1865 

February      3,  1873 

R. 

Devereux,  John    .... 

February     10, 

1873 

July             20,  1890 

D. 

Benson,  R.  Dale  .... 

August        19, 

1890 

firt  Xnsurxnu 
Company 


VICE-PRESIDENTS. 


NAME. 

ELECTED. 

SERVED   TO. 

Benson,  R,  Dale  .... 
Thomson,  John  L.    ,    .    . 

February     14,  1881 
September    i,  1890 

August       19,  1890 

SECRETARIES. 


NAME. 


ELECTED. 


SERVED   TO. 


Smith,  Jonathan  .  . 
Smith,  Beaton  ,  .  . 
Crowell,  W.  G. .  .  . 
Thomson,  John  L,  . 
Crowell,  W.  Gardner 


February  4,  1825 
September  7,  1835 
June  3,  1861 

January  10,  1881 
September    i,  1890 


September  7,  1835 

June  3,  1861    D. 

January  5,  1881     D. 

September  i,  1890 


29 


Seventy-five  Years 


Che 

Pennsylvania 

firt  Xnsurance 

Company 


ASSISTANT  SECRETARIES. 


NAME. 


Thomson,  John  L.   . 
Crowell,  W.  Gardner 
Merrill,  Charles  V^. . 


ELECTED. 


June  I,  1877 

February     14,  1881 
September    i,  1890 


SERVED   TO. 


January       10,  1881 
September    i,  1890 


SECRETARY,  AGENCY  DEPARTMENT. 


NAME. 


Dawson,  William  J. 


ELECTED, 


January         i,  1895 


SERVED   TO. 


SURVEYORS. 


NAME. 


O'Neill,  John    . 
O'Neill,  Robert 
Forsyth,  Wm.  T. 
Merrill,  Chas.  W. 


ELECTED. 


February^  12,  1825 

April  I,  1867 

December     i,  1876 


SERVED   TO. 


D. 

November    8,  1876    D. 
September    i,  1890 


SOLICITORS. 

NAME.    • 

ELECTED. 

SERVED  TO. 

Hazlehurst,  Isaac*  .   .    . 
Bispham,  George  Tucker 

July               I,  1839 
January       14,  1889 

July               7,  1891 

*  Solicitor  Emeritus  from  January  14,  1889,  to  July  7,  1891. 
30 


of  Corporate   Existence 


ORIGINAL  SUBSCRIBERS  TO  THE  CAPITAL  STOCK 
OF  THE  PENNSYLVANIA  FIRE  INSURANCE 
COMPANY. 


Cbc 

Pennsylvania 
■pire  Xnsurancc 
Company 


Subscribers'  Names. 

Elihu  Chauncey  .  .  . 
Henry  Toland  .... 
John  Clements  Stocker 

Th.  Kittera 

Quintin  Campbell  .  .  . 
Hyman  Kratz  .... 
Robert  Toland  .... 
Aaron  Denman  .... 

Jas.  Kitchen 

T.  &  J.  Fassitt  .... 
Richard  Milne  .... 
James  Musgrave    .   .    . 

Tho.  Wilson 

Jona.  Patterson  .... 

Wm.  Boyd 

James  Lyle 

Henry  Beckett  .... 
John  B.  Newman  .  .  . 
William  Lehman  ,  .  . 
Chas.  A.  Harper  .  .  . 
John  White 

B.  P.  Hutchinson  .  .  . 
John  Goddard  .... 
Thos.  Stewart     .... 

C.  J.  Ingersoll  .... 
Wm.  Chaloner  .... 
John  C.  &  W.  H.  Smith 

Paul  Beck,  Jr 

Jas.  Le  Fevre     .... 

Jno.  R.  Neff 

Wm.  Stothart  .  .  ,  . 
John  Hemphill  .  .  .  . 
Robert  Ralston  .  .  .  . 
Matthew  L.  Bevan  .  . 
John  H.  Stevenson    .    . 


Number  of 
Shares. 

Twenty 


Subscribers'  Names.  Number  of 

Shares. 

S.  &  J.  Nevins  &  Co.     .    .  Twenty 

John  McCauley *' 

Charles  Stewart,  U.  S.  N,, 
by  John  McCauley,  At- 
torney   

Geo.  McCallmont  . 

Andrew  M.  Prevost 

James  Hemphill    . 

William  Montelius 

Matthew  C.  Jenkins 

James  McClure 

H.  Simpson     . 

Silas  E.  Weir  . 

S.  Moss    .    .    . 

Mahlon  Hutchinson 

Alexander  Henry 

Thomas  Biddle   . 

James  Whitehead 

Chas.  Bird   ,    . 

James  Wood    . 

William  Brown 

J.  Moss     .    .    . 

John  Wharton 

Thos.  Sparks  , 

Thos.  P.  Cope 

Joshua  Emlin  . 

James  Paul  .    . 

Charles  Graff  . 

David  Correy  . 

Levi  Ellmaker 

Mark  Wilson  . 

Peter  Hahn    . 

Hale  &  Davidson 

Joseph  Tagert 

Henry  Kuhl 


31 


Seventy-five   Years 


Cbc 

Subscribers'  Names. 

Number  of 

Subscribers'  Names. 

Number  of 

Pennsylvania 

Shares. 

Shares. 

fire  Xnsurance 

Bunker  &  Starr 

Twenty 

Samuel  H.  Thomas   . 

.  Twenty 

Company 

James  Taylor 

Henry  Myers 

Jona.  Smith 

Robert  Smith 

Joseph  Smith  by  Jonathan 

Smith 

Mark  Richards 

Joseph  Trotter 

Hartt  Grandom 

Samuel  Richards    .... 

Hugh  Colhoun 

Jo.  Gratz 

L.  Clapier 

Richard  Dale 

John  Sergeant 

John  Porter    .... 
J.  A.  Monges  .... 

N.  Biddle 

J.  Stewart 

Samuel  R.  Wood    .    . 
Peter  Graham     .    .    . 
E.  S.  Sergeant    .    .    . 
John  C.  Lowber     .    . 
John  Savage    .... 
Joseph  Dugan     .    .    . 
Wm.  Jno.  Bell  &  Co. 
R.  A.  Caldcleugh   .    . 

John  Curry 

H.  Nixon     .... 
Thomas  Hulme  .    .    . 

George  Rundle 

32 


of  Corporate   Existence 


DIRECTORS. 


NAME. 


Beck,  Paul,  Jr.  .    . 
Boyd,  William  .    . 
Bunker,  Nathan    . 
Bird,  Charles     .    . 
Benson,  Alexander 
Benson,  Edwin  N. 
Benson,  R.  Dale  . 
Corry,  David  .   .    . 
Caldcleugh,  Robert 
Campbell,  Quintin 
Comly,  F.  A.     .    . 
Cadwalader,  Richard 
Devereux,  John 
Fell,  J.  G.   .   .   . 
Fell,  John  R.    . 
Hemphill,  James 
Hassinger,  Jonathan 
Hazlehurst,  Isaac 
Haddock,  D.,  Jr. 
Kittera,  Thomas 
Knight,  B.  A.    . 
Le  Fevre,  James 
Lewis,  Henry    , 
Lewis,  Jos.  W.   . 
Lea,  J.  Tatnall  . 
McCaulay,  John 
Montelius,  William 


M 


K 


ELECTED. 


February 

February 

September 

September 

December 

November 

April 

February 

February 

September 

May 

February 

May 

April 

June 

September 

September 

July 

September 

February 

September 

July 

April 

November 

February 

February 

September 


4,  1825 

12,  1825 
4,  1826 
2,  1828 
8,  1828 

II,  1878 

18,  1882 

4,  1825 

4,  1825 

4,  1826 

24,  1870 

10,  1890 

1,  1848 
4,  1864 

11,  1883 
4,  1826 

2,  1828 

1,  1839 

2,  1865 
4,  1825 

7,  1885 

I,  1839 
6,  1863 

8,  1886 

13,  1888 
24,  1825 

3,  1832 


SERVED  TO. 


June  2,  1845    D. 

May  I,  1848    D. 

September  7,  1835 
September  5,  1832 
May  30,  1870    D. 


September   4,  1826 

June  7,  1858  D. 

April  6,  1863  D. 

April  23,  1887  D. 


July  20, 

October  26, 
November  15, 
(Declined) 


July 

July 

January 

July 

April 

September   4, 

October      20, 

August       31, 


I, 

7, 

21, 

I, 

4, 


1890  D. 
1878  D. 
1895  D. 

1839 

1891  D. 
1890  D. 

1839  D- 

1890  D. 
1848 

1886  D. 

1889  R. 


September   4,  1826 
April  4,  1864    D. 

33 


Che 

Pennsylvania 
fire  Xnsurance 
Company 


Seventy-five  Years  of  Corporate   Existence 


Cbc 

pentiaylvania 

^irc  Xnsurance 

Company 


DIRECTORS.— {Continued.) 


NAME. 


Morris,  Effingham  B. 
Neff,  John  R.    .   , 
Patterson,  Jonathan 
Potts,  Joseph  D.    . 
Pugh,  Charles  E.  , 
Robins,  Thomas   . 
Smith,  Jonathan   . 
Stevenson,  John  H, 
Smith,  Jonathan   . 
Smith,  Daniel,  Jr. 
Smith,  Thomas  .   . 
Toland,  Henry  .    . 
Thomson,  John  L. 
Weygandt,  Cornelius  N  . 
West,  Harry  F 


ELECTED. 


August 

February 

September 

September 

May 

September 

February 

February 

September 

June 

August 

February 

September 

August 

February 


19,  1890 
12,  1825 

4,  1848 

5,  1891 
14,  1894 

7,  1840 
4,  1825 
4,  1825 
7,  1835 
2,  1845 
2,  1858 
4,  1825 
I,  1890 
31,  1889 
10,  1896 


SERVED  TO. 


December     8,  1828 

July  — ,  1865  D. 

December     3,  1893  D. 

April  18,  1882  D. 

February      4,  1825  R. 
September   2,  1828 

December  10,  1839  D. 

December  29,  1884  D. 

June  II,  1883  D. 

September    2,  1828 


(Errata 

Under  List  of  Officers,  1900 
C.  W.  Weygandt  should  read 
C.  N.  Weygandt 

P.  16,  under  date  June  6, 1853, 
Jonathan  Smith  should  read 
Jonathan  Patterson 


Printed  by 

Edward  Stern  &  Co.,  Inc. 

Philadelphia 


VH  00177 


jL 


